BUZZ-Australia's Nine surges on pivot to digital growth, radio asset divestment

Reuters

01/30

** Shares of Nine Entertainment Group NEC.AX rise as much as 4.6% to A$1.14, hitting their highest since January 20

** Stock logs largest intraday pct gain since September 12, 2025, putting it among the top gainers on the broader benchmark .AXJO

** Diversified media firm to buy outdoor advertising group QMS Media for enterprise value of A$850 million ($599.00 million)

** Co to also divest its radio assets for A$56 million

** Says combined transactions, including restructuring of regional NBN TV unit, would unlock about A$217 million in cash proceeds, tax benefits

** Stock up 2.9% YTD, including the day's moves

($1 = 1.4190 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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08:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Nine surges on pivot to digital growth, radio asset divestment</title></head><body><p>** Shares of <a href=\"https://laohu8.com/S/NNMTF\">Nine Entertainment</a> Group <span>NEC.AX</span> rise as much as 4.6% to A$1.14, hitting their highest since January 20</p><p>** Stock logs largest intraday pct gain since September 12, 2025, putting it among the top gainers on the broader benchmark <span>.AXJO</span></p><p>** Diversified media firm to <span>buy</span> outdoor advertising group QMS Media for enterprise value of  A$850 million ($599.00 million)</p><p>** Co to also divest its radio assets for A$56 million</p><p>** Says combined transactions, including restructuring of regional NBN TV unit, would unlock about A$217 million in cash proceeds, tax benefits</p><p>** Stock up 2.9% YTD, including the day's moves</p><p>($1 = 1.4190 Australian dollars)</p><p>(Reporting by Nikita Maria Jino in Bengaluru)</p><p>((Nikita.Jino@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NEC.AU","symbol_name":"NINE ENTERTAINMENT CO HOLDIN","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260130:nL4N3YV009:1","article_id":"2607050765","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2607050765","pubTimestamp":1769731825,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Nine surges on pivot to digital growth, radio 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